This tranche is being offered in response to recent activity in the consumer sector, arising from various macro events affecting Malaysia’s economy. Maybank Investment Bank Research expects a boost in consumer spending, as a response to the zerorisation of the Goods & Services Tax and stabilization of fuel prices via government subsidies. Furthermore, Budget 2018 has already incorporated measures to stimulate consumer spending, namely the “Cost of Living Aid” initiative, Hari Raya bonuses for civil servants and pensioners as well as cuts in personal income tax.

The terms and conditions of the above call warrants are stated in their respective term sheets. Investors should read these term sheets together with the Base Prospectus dated 4 October 2017, First Supplementary Base Prospectus dated 20 November 2017, Second Supplementary Base Prospectus dated 24 January 2018, Third Supplementary Base Prospectus dated 8 May 2018 and Fourth Supplementary Base Prospectus dated 18 July 2018.